Suneil Shetty backed zero fee food delivery app Waayu launches in Mumbai

Bollywood actor Suniel Shetty on Tuesday launched a new food delivery application, Waayu which aims to provide restaurants with zero commission platform.

In an interview with Moneycontrol, Shetty talked about the funding winter and the challenging scenario in the startup ecosystem. He said, “We all know it is a funding winter. So it shouldn’t be about cash burn. The team has to be lean and there should be basic cash flow. I will continue to back great founders and great ideas, but also make sure they have good management in place.”

Waayu’s launch comes at an interesting time when the government-backed Open Network for Digital Commerce (ONDC) platform is gaining more traction, following Swiggy’s decision to charge Rs 2 platform fee on every order.